Get Life Insurance In Norman, Oklahoma

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life Insurance In Norman, Oklahoma

Tatum Insurance LLC is an independent insurance agency with an office located in Norman, Oklahoma. We sell a wide selection of insurance services including life insurance. Though we sell life insurance policies from multiple carriers, we work for you, not the carrier. Our team of professionals will give you unbiased expert advice on life insurance and the right coverage for you. The future is unpredictable, with a life insurance policy from Tatum Insurance, your loved ones are guaranteed to get help during a difficult time.

We will give you unbiased life insurance advice in Norman, Oklahoma. We sell life insurance policies from a wide selection of top insurance providers. Our team of experts has more than 35 years of experience of selling life insurance.

If you would Like to speak with someone directly, give us a call!

Branch Location:
1120 Rambling Oaks
Norman, OK 73072
(405) 253-2030

Tatum Insurance is here to help with all your insurance needs. We will guide you through various policy options and find the perfect match for you.

Our Corporate Office Located At:
8687 East Via de Ventura #118
Scottsdale, AZ 85258
(480) 939-4300

Office Hours:
By appointment, M-F

The Different Types of Life Insurance

A life insurance policy is a contract between a policyholder and an insurance services company. The insurance company has an obligation to provide a lump-sum payment to the beneficiaries upon the death of the policyholder. These payments are known as death benefits, and the policyholder has an obligation to pay monthly premiums to the insurer as stated in the contract agreement.

There are many types of life insurance policies including:

  • Term Life Insurance
  • Universal Life Insurance
  • Whole Life Insurance

Term Life Insurance

A Term life policy is designed to protect you financially for a limited period such as 15 or 30 years. With this type of insurance, the amount of premium you pay monthly does not change for the coverage period chosen. After the period has expired, you may renew your policy. However, the premiums may be higher than what you were paying.

Universal Life Insurance

A Universal life insurance policy is permanent. It is meant to protect you throughout your life. This policy is flexible, and it allows you to raise or lower your coverage or premium payments throughout your lifetime. Because Universal life provides lifetime coverage, it has higher premium payments than Term life.

Whole Life Insurance

Whole life insurance is also a permanent policy which protects you for a lifetime. Monthly premiums are also higher than Term life insurance premiums. Policy premiums are usually fixed, and they have a saving component where cash value accumulates. Rising cash value is an essential component of whole life insurance policy.

Why Do I Need Life Insurance?

To Protect Your Loved Ones And Family

If your family and loved ones depend on you financially, then life insurance is necessary to support them when you can’t. A life insurance policy replaces your income when you are not living. Life insurance is for parents with children who depend on them financially. It is also useful to married couples who would find it difficult to maintain their living standards without their partner’s income.

To Pay Off Debts And Other Expenses

Your family may need life insurance to pay off outstanding debts such as mortgage, car loan, and credit cards. Expenses may include funeral and burial costs which may run into thousands of dollars.

To Leave An Inheritance

If you do not have assets to pass to your heirs, you can purchase a life insurance policy and name your children as beneficiaries.

To Pay Off Estate Taxes

Use of life insurance to pay off estate taxes is common in large estates and uses permanent life insurance.

Our office is located in Norman, Oklahoma, we have experience in selling life insurance policies for over 35 years. At Tatum Insurance, we help the Norman community.